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What major advantages of corporations have given rise to their dominance as form of business organization?
Wiki User
∙ 13y ago
The biggest advantage is that the owners can reduce their personal risk while maintaining individual profit.
For example, if you incorporate, and the corporation goes out of business owing money, then the creditors (people that are owed money) have to go after the corporation's assets, and not the owners. The same applies in a lawsuit.
If a person has a sole proprietorship, and they go out of business, they can lose their personal assets such as their house to creditors.
Wiki User
∙ 13y ago
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What are the advantages and disadvantages of the corporation as a form of business organization?
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Advantages and disadvantages of business forecasting?
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In small businesses the owners create the business policies. In larger corporations, executive managers establish the business policies based on the strategic direction of the organization.
What are the Advantages of business letter?
what are the advantages of a business letter?
What The most expensive form of business organization?
Corporations.
Which form of business organization is dominant in terms of business receipts and net profits?
Corporations
Large business organization consisting of several large corporations?
Trust
Which legal form of business organization is dominant in terms of business receipts and net profits?
Corporations
What advantages do corporations have over small businesses?
List two advantages that corporation have over a small business
Which form of business organization accounts for the largest proportion of business sales in the US?
Sole Proprietoships and Corporations.
What are the principal forms of business organization?
The principal forms of business organization include sole proprietorships, where one person owns the business, and corporations, which are legal entities separate from their owners, often with shareholders and a board of directors.
In the US economy today the vast bulk of the producing capability is owned by what type of business organization?
corporations
What statement concerning corporation in the US after 1865 is most accurate?
corporations became a dominant form of business organization.
What has the author Homer Cherrington written?
Homer Cherrington has written: 'Business organization' -- subject(s): Corporation law, Corporations
What four advantages did corporations have over small business?
Raw material discountsReduction of unit costSpecialistsBetter production methods(OW)
What is the main Disadvantage Of Corporations As Compared With Other Forms Of Business Organization Involves?
Shareholders may remove the original owners from a corporation.
